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A little microlending goes a long way
This was originally posted at CBSNews.com.
If someone loaned you $100, maybe it wouldn't change your life. But in many countries, it could be the difference between prosperity and poverty.
Tiny loans like these are called microfinancing. And last year, some $36 billion of them went to more than 99 million borrowers, as CBS News technology correspondent Daniel Sieberg reports.
With a new apartment in Harlem, 29-year-old urban planner Justin Moore doesn't have a lot to invest. But through a YouTube video, Justin learned how he could help the poor--and his bank account.
The video was from … Read more
